Tag Archives: News

Front Page: The New York Times – March 15, 2023

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Russian Warplane Hits American Drone Over Black Sea, U.S. Says

The MQ-9 Reaper drone is a staple of the United States’ military air fleet and is used both for surveillance and for attacks.

The incident was the first known physical contact between the two militaries since the war in Ukraine began last year.

Stubborn inflation makes the Fed’s interest rate decision fraught.

CREDIT

The Consumer Price Index cooled to a 6 percent annual increase in February, but a closely watched monthly index climbed quickly.

Inside the Collapse of Silicon Valley Bank

While its leader extolled innovation and the future of tech, the bank paid less attention to risk management and was caught flat-footed by economic change.

How Washington Decided to Rescue Silicon Valley Bank

Officials were initially unsure about the need for the measures they eventually announced to shore up the financial system, but changed their minds quickly.

News: U.S. Banking Failure Fallout, Moldova Foils Russian-Backed Unrest

March 14, 2023: Following the collapse of Silicon Valley Bank and Signature Bank, is Joe Biden facing a crisis of confidence in US financial institutions?

Plus: political turbulence in Moldova, Nicaragua’s decision to suspend relations with the Vatican and a special interview with Estonia’s former president Toomas Hendrik Ilves.

Front Page: The New York Times – March 14, 2023

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Regional Banks Slammed by Fear of a Broader Financial Crisis

Across the country, banks of various sizes are battling market turmoil as customers rushed to withdraw their deposits and investors, worried about more bank runs, dumped bank stocks.

Back-to-Back Bank Collapses Came After Deregulatory Push

On Sunday, regulators shut down Signature Bank, fearing that a sudden exodus of deposits had left it on dangerous footing.

Officials with Signature and Silicon Valley banks, which regulators seized in recent days, called for looser financial requirements for midsize banks.

Federal Reserve’s Path Is Murkier After Bank Blowup

The Fed has been rapidly raising interest rates to fight inflation. But making big moves could be trickier amid instability.

‘Russia Outside Russia’: For Elite, Dubai Becomes a Wartime Harbor

In the exclusive neighborhoods and palatial shopping malls of the United Arab Emirates’ biggest city, wealthy Russians can build a new life without having to cut ties to their home country.

News: Biden Meets EU’s Von Der Leyen, China’s Motives, SVB Bank, Nigeria Fallout

March 13, 2023: What’s China’s standing with the West after US president Joe Biden and European Commission president Ursula von der Leyen meet in Washington? Plus: unpacking the Nigeria elections fallout, a roundup of Asia-Pacific papers and all the winners and surprises on Hollywood’s biggest night.

Front Page: The New York Times – March 13, 2023

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Regulators Close Another Bank and Move to Protect Deposits

The Treasury, Federal Reserve and Federal Deposit Insurance Corporation unveiled a plan to contain fallout from Silicon Valley Bank’s collapse, and said taxpayers would not bear the costs.

U.S. Steps In to Protect All Deposits at Silicon Valley Bank

Regulators also moved to contain damage, closing another bank. The Bank of England said HSBC would buy the British subsidiary of Silicon Valley Bank.

Ukraine Steps Up Calls for Evacuation of Kupiansk Under Relentless Russian Shelling

Attacks on the northeast town in the Kharkiv region of Ukraine continued on Sunday.

War in Ukraine Puts Centuries of Swiss Neutrality to the Test

The Alpine state makes arms that Western allies want to send to Kyiv. Swiss law bans this, driving a national debate about whether its concept of neutrality should change.

UPenn Accuses a Law Professor of Racist Statements. Should She Be Fired?

Amy Wax and free speech groups say the university is trampling on her academic freedom. Students ask whether her speech deserves to be protected.

Front Page: The New York Times – March 12, 2023

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Biden Administration Expected to Move Ahead on a Major Oil Project in Alaska

The decision would allow an enormous $8 billion drilling project in the largest expanse of pristine wilderness in the United States.

Inside the Global Race to Turn Water Into Fuel

Hundreds of billions of dollars are being invested in a high-tech gamble to make hydrogen clean, cheap and widely available. In Australia’s Outback, that starts with 10 million new solar panels.

Chinese-Brokered Deal Upends Mideast Diplomacy and Challenges U.S.

The agreement negotiated in Beijing to restore relations between Saudi Arabia and Iran signaled at least a temporary reordering of the usual alliances and rivalries, with Washington left on the sidelines.

Fox’s P.R. Woes May Not Directly Translate to Legal Ones

Some of the unflattering private messages among the network’s hosts and executives may never become evidence when Dominion Voting Systems’ defamation case against Fox News goes to trial.

Front Page: The New York Times – March 11, 2023

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Silicon Valley Bank Fails After Run on Deposits

The Federal Deposit Insurance Corporation took control of the bank’s assets on Friday. The failure raised concerns that other banks could face problems, too.

U.S. Employers Keep Hiring, but Signs of Easing Are Seen

CREDIT

The economy added 311,000 jobs in February despite higher interest rates. But hourly earnings rose more slowly as the pool of available workers grew.

Its Georgia O’Keeffe Is Worth Millions. And Its Dorms Need Updating.

In the face of declining enrollment, Valparaiso University in Indiana wants to raise money to renovate two dormitories by selling treasures from its art museum. Not everyone is on board.

Saudi Arabia and Iran Agree to Restore Ties, in Talks Hosted by China

The deal between regional rivals underlines China’s growing economic and political importance in the Middle East, and what some analysts say is waning American influence.

News: UK-France Summit In Paris, Vatican To Return Parthenon Sculptures

March 10, 2023: Can Rishi Sunak and Emmanuel Macron mend Anglo-French relations at their summit in Paris? Plus: the Vatican returns three Parthenon sculpture fragments, the latest aviation news and the final episode of our series lifting the lid on the world of espionage.

Front Page: The New York Times – March 10, 2023

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Biden’s $6.8 Trillion Budget Proposes New Social Programs and Higher Taxes

The president requested trillions in new spending that has no chance of passing a Republican House, even as he sought to reduce deficits by raising taxes on businesses and the rich.

Biden Moves to Recapture the Centrist Identity That Has Long Defined Him

In his latest budget proposal, President Biden is paying new attention to the nation’s fiscal health.

After two years championing progressive priorities, the president is speaking more to the concerns of the political middle as he prepares to announce a campaign for a second term.

Prosecutors Signal Criminal Charges for Trump Are Likely

The former president was told that he could appear before a Manhattan grand jury next week if he wishes to testify, a strong indication that an indictment could soon follow.

Weeks After Ohio Train Derailment, Health Concerns Mount

In a tight-knit town already skeptical of the government, the lack of concrete information, and the open-ended nature of the crisis, undergird anxiety.